With the federal budget deficit about to reach $1.48 trillion it is hard to believe that in 2001 the United States actually had a budget surplus.
If you are interested in reading the arguments on how the budget got to this state here are a few current stories from well-respected political opinion magazines and news papers that will help. You will need the GALILEO password or your name and campus id to access these.
- Williams, W. E. (2010). Who’s to Blame?. American Spectator, 43(1), 8.
- Srodes, J. (2010). Obama’s Double-Down Gamble. American Spectator, 43(6), 52-53.
- Deficit Attention. (2010). National Review, 62(23), 14.
Galbraith, J. K. On the Economics of Deficits. American Prospect v. 21 no. 9 (November 2010) p. A13-15
- Hayes, C. (2010). Deficits of Mass Destruction. Nation, 291(5/6), 3-4.
- Teixeira, R. (2011). Make Government More Effective, Not Smaller. Washington Monthly, 43(1/2), 23-24.
Also, here are two reports that were produced by Congressional Quarterly in 2001, 2005, and 2008 that will help you place the debate in context.
- Clemmitt, M. (2008, November 14). The National Debt. CQ Researcher, 18, 937-960.
- Clemmitt, M. (2005, December 9). Budget Deficit. CQ Researcher, 15, 1029-1052.
- Cooper, M. H. (2001, April 13). Budget Surplus. CQ Researcher, 11, 297-320.
To conduct more research on political issues check out the Political Science LibGuide or try searcing in the following databases: